Elements of Retirement Income
Below are the factors which typically make up the bulk of most Retirement Income situations, broken into two lists: those items which add resources, and those items which take resources away.
Please note that all of these are covered in detail in a stand-alone audio file on our Discussions page.
Increase Resources
Decrease Resources
Below are the factors which typically make up the bulk of most Retirement Income situations, broken into two lists: those items which add resources, and those items which take resources away.
Please note that all of these are covered in detail in a stand-alone audio file on our Discussions page.
Increase Resources
- Portfolio Returns
- Social Security
- Post retirement work (W2 or 1099; includes part time or occasional)
- Conventional pension payments (e.g. military, teacher’s retirement, etc)
- Ownership/co-ownership of a small business
- Family (e.g. inheritance)
Decrease Resources
- Recurring household budget
- Other budget items (e.g. travel, education of kids or grandkids, etc)
- Healthcare costs
- Inflation
- Taxes
- Asset underperformance and/or losses of capital
- Shock effect of unplanned needs for immediate cash
- Family